Small Value Payments Co., a big-bank electronic check processing consortium that was formed in October, could become the catalyst for widespread adoption of electronic check presentment, industry experts say.

A spinoff from the New York Clearing House Association, the venture, known as SVPCo, acts as a multilateral clearing and settlement network for electronically presented checks.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.